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Article: Could Time Warner sell off its magazines?
- Article from:
- The Evening Standard (London, England)
- Article date:
- September 11, 2009
- Author:
CopyrightCopyright 2009 Evening Standard - London. Provided by ProQuest LLC. (Hide copyright information)
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EVELYN Webster, chief executive of Britain's biggest consumer
magazine company IPC, flew into New York last night. Since IPC is
part of US media giant Time Warner, it's hardly a surprise that
Webster should jet over to head office. But staff at IPC's London HQ
on the South Bank - home to around 75 magazines ranging from Country
Life and TV Times to NME and Loaded - are twitchy. The chatter in
their offices, the Blue Fin building near Tate Modern, is that their
magazine empire could be up for sale.
Bankers have been sniffing around too. One media figure says two
City contacts have sounded him out about IPC in separate
conversations in the last month. The fact that Webster's predecessor
and ...